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FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedges, Assets [Abstract]  
Summary of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts
As of March 31, 2019, the aggregate notional amount of the Company's outstanding foreign currency derivative contracts was $7.8 billion as summarized below:
 
Foreign Currency
Amount
 
Notional Contract
Value in USD
Currency
Buy
 
Sell
 
Buy
 
Sell
 
(In thousands)
Cash Flow Hedges
 
 
 
 
 
 
 
CNY
2,207,000

 

 
$
328,349

 
$

EUR
48,763

 
700

 
55,445

 
788

HUF
34,401,000

 

 
120,981

 

ILS
181,000

 

 
49,833

 

MXN
4,123,000

 

 
212,987

 

MYR
286,100

 
30,200

 
70,276

 
7,418

PLN
144,500

 

 
37,841

 

RON
247,000

 

 
58,365

 

SGD
42,500

 

 
31,354

 

Other
N/A

 
N/A

 
17,853

 
7,089

 
 
 
 
 
983,284

 
15,295

Other Foreign Currency Contracts
 
 
 
 
 
 
 
BRL

 
972,000

 

 
246,092

CAD
74,484

 
132,895

 
55,511

 
99,042

CNY
3,132,409

 
458,795

 
466,085

 
68,230

EUR
1,793,103

 
2,043,034

 
2,019,883

 
2,303,762

GBP
39,047

 
30,869

 
51,590

 
40,857

HUF
52,526,969

 
54,425,127

 
184,727

 
191,402

ILS
160,775

 
77,600

 
44,265

 
21,365

INR
3,921,500

 
10,356,508

 
56,930

 
150,312

MXN
2,969,832

 
2,078,128

 
153,416

 
107,352

MYR
455,920

 
255,210

 
111,989

 
62,688

SEK
706,435

 
755,275

 
76,470

 
81,479

SGD
83,800

 
50,280

 
61,822

 
37,093

Other
N/A

 
N/A

 
77,860

 
57,612

 
 
 
 
 
3,360,548

 
3,467,286

Total Notional Contract Value in USD
 
 
 
 
$
4,343,832

 
$
3,482,581

Schedule of fair value of the derivative instruments utilized for foreign currency risk management purposes
The following table presents the fair value of the Company's derivative instruments utilized for foreign currency risk management purposes at March 31, 2019 and 2018:
 
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
 
 
Fair Value
 
 
 
Fair Value
 
Balance Sheet
Location
 
March 31,
2019
 
March 31,
2018
 
Balance Sheet
Location
 
March 31,
2019
 
March 31,
2018
 
(In thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
$
10,503

 
$
19,422

 
Other current liabilities
 
$
10,282

 
$
7,065

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
$
16,774

 
$
23,912

 
Other current liabilities
 
$
17,144

 
$
18,246